Barnaby Joyce and other pro-nuclear members of the Coalition – and the numerous conservative commentators calling for nuclear instead of renewables – should take note: The so-called “nuclear renaissance” in the United States has had another major setback, with another two reactors under construction in South Carolina abandoned after costs spiralled out of control, leaving consumers holding the bill for plants that will never be completed. The plug was pulled on the V.C. Summer nuclear project last week after $US9 billion had already already spent, and after it became clear that the original $US11.5 billion bill for the whole project would more than double to at least $US25 billion ($31 billion). South Carolina consumers will be left holding the bill, and 20 per cent of their electricity rates will go to pay for something that will never be completed.
Renew Economy 9th Aug 2017 read more »